Wells Fargo & Company (NYSE:WFC) Stock Holdings Boosted by SPC Financial Inc.

SPC Financial Inc. boosted its stake in Wells Fargo & Company (NYSE:WFC) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,099 shares of the financial services provider’s stock after buying an additional 154 shares during the period. SPC Financial Inc.’s holdings in Wells Fargo & Company were worth $428,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in shares of Wells Fargo & Company during the third quarter valued at approximately $160,000. Pittenger & Anderson Inc. increased its stake in shares of Wells Fargo & Company by 24.5% during the third quarter. Pittenger & Anderson Inc. now owns 1,035 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 204 shares during the period. Crestwood Advisors Group LLC increased its stake in shares of Wells Fargo & Company by 3.5% during the third quarter. Crestwood Advisors Group LLC now owns 37,017 shares of the financial services provider’s stock valued at $2,091,000 after acquiring an additional 1,262 shares during the period. HF Advisory Group LLC increased its stake in shares of Wells Fargo & Company by 10.3% during the third quarter. HF Advisory Group LLC now owns 38,893 shares of the financial services provider’s stock valued at $2,197,000 after acquiring an additional 3,637 shares during the period. Finally, Avidian Wealth Enterprises LLC increased its stake in shares of Wells Fargo & Company by 9.7% during the third quarter. Avidian Wealth Enterprises LLC now owns 8,160 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 720 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analysts Set New Price Targets

WFC has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley raised their price objective on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. UBS Group raised their price objective on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, December 9th. The Goldman Sachs Group lifted their price target on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Trading Up 1.2 %

Wells Fargo & Company stock opened at $74.20 on Thursday. The company has a 50 day moving average price of $76.08 and a 200 day moving average price of $68.28. Wells Fargo & Company has a 52 week low of $50.15 and a 52 week high of $81.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. The firm has a market capitalization of $243.97 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 1.18 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The firm had revenue of $20.38 billion during the quarter, compared to analyst estimates of $20.58 billion. During the same quarter last year, the business posted $0.86 EPS. The company’s revenue was down .5% on a year-over-year basis. Research analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.74%.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.